LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

EDITOR's PICK

Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan while addressing media today, congratulated the Uttar Pradesh Special Task Force for unearthing the racket involved in short delivery of fuel at petrol stations in Lucknow.

In most of the advanced markets globally, petrol and diesel prices are revised on a daily basis. India too is following the path, implementing the procedure of daily changes in fuel prices in select towns, in sync with international rates

POWER/COAL/MINES/RE

24X7 power for all, action plan for 100 per cent household electrification, smart metering, and simplification of tariff, among others, will be thrashed out at the two-day conference of power ministers of states and Union territories here on May 3-4

Report by Kishore Dash; Bhubaneswar: As many as 110 remote villages in Naxal-affected cut-off area, on the other side of the vast Chitrakonda reservoir in the district which have no electricity supply since long will soon be illuminated thereby opening a new window for the development of the region to where right now there is no on road connectivity

OIL AND GAS

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.43 per barrel (bbl) on 28.04.2017

Oil Minister Dharmendra Pradhan on Monday ordered inspection of all petrol pumps in Uttar Pradesh and random checks elsewhere to detect short-selling of petrol and diesel by tampering with the system in dispensing units.

British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.

State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 million barrels per day, Saudi officials said.

INFRASTRUCTURE

Luxury train Deccan Odyssey will undergo refurbishment before the beginning of the new season in October. It will also undergo an overhaul wherein pneumatic suspension system will be installed in order to make the ride more comfortable.

No construction is being carried out in a 25 km stretch of the Eastern Peripheral Expressway in Ghaziabad due to protests by farmers and lack of police protection to the workers, the NHAI told the Supreme Court today.

“After Punjab and Maharashtra, Haryana too will get amphibious vehicles that will sail on the Yamuna waters as well as drive on the state roads,” said Union transport and highway minister Nitin Gadkari after laying the foundation stone of the140-crore Pinjore-Baddi bypass, which will be completed in two years, here on Monday.

At a time when Indian railways is in a transformational phase through the introduction of high-speed trains, rapid electrification, doubling and the introduction of metro in multiple cities, Tilak Raj Seth, Executive Vice-President of Siemens Ltd in India speaks to Shine Jacob about the future of the sector in India

Govt of India has reconfirmed their plans to go full ballistic for electric cars. An announcement which will make Elon Musk and patrons of electric vehicles super happy, India plans to allow the sale of only electric cars by 2030, which is just 13 years away.

The state of Maharashtra completes 57 years in its present form today (1 May). At an estimated nominal Gross State Domestic Product (GSDP) this year of $380 billion, roughly 14.5 per cent of country’s estimated Gross Domestic Product (GDP), Maharashtra continues to be the putative economic powerhouse of India

According to informed sources in New Delhi, the need for a tight timetable arose from a feeling that much could have been done in the field of India-Sri Lanka economic cooperation in the last two years